Single Occurrence definition

Single Occurrence means an event pursuant to which losses resulting from a single action or inaction do not exceed the average monthly compensation paid to date by the Servicer to the Subservicer during the term of this Agreement. the Subservicer shall pay to the Servicer any amounts owed under this subsection (g) within 90 days of the date on which a final determination is made regarding the Servicer’s right to indemnification hereunder.
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Single Occurrence means all events that occur within any 72 consecutive hours commencing during the term of this Policy. The single occurrence must have occurred on or after the effective date of the addition of water escape coverage. The expiration of this Policy will not reduce the 72 consecutive hour period.
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Single Occurrence means all causes or events which occur within 168 consecutive hours of the first cause or event causing loss or damage, shall be considered as one occurrence. Provided that the first cause or event occurs before policy expiration, policy termination will not interrupt the 168 hour period.
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Examples of Single Occurrence in a sentence

  • The minimum Single Occurrence limit is $500,000.00 and the General Aggregate limit must be at least two times the Single Occurrence limit.

  • Unless otherwise stipulated in Section B, Offeror/Contractor must have the following insurance and coverage minimums:General liability insurance with a Single Occurrence limit of at least $1,000,000.00, and a General Aggregate limit of at least two times the Single Occurrence limit.Product liability insurance with a Single Occurrence limit of at least $1,000,000.00, and a General Aggregate limit of at least two times the Single Occurrence limit for all Products except Automotive Fire Apparatus.

  • A list of teaching vacancies by school, grade level and subject shall be posted on the District 62 website, followed by a district email, and updated as new vacancies are created by official Board action in accepting resignations, requests for leave, etc., during the regular school year.

  • Single Occurrence or Accident Liability - In an amount not less than one million dollars ($1,000,000) for any number of claims arising out of a single occurrence or accident.

  • INSURANCEa. Unless otherwise stipulated in Section B, Offeror/Contractor must have the following insurance and coverage minimums:General liability insurance with a Single Occurrence limit of at least $1,000,000.00, and a General Aggregate limit of at least two times the Single Occurrence limit.Product liability insurance with a Single Occurrence limit of at least $1,000,000.00, and a General Aggregate limit of at least two times the Single Occurrence limit for all Products except Automotive Fire Apparatus.

  • Violations are divided into the following categories: Single Occurrence, Cumulative Violation of different rules, Ongoing Occurrence of the same violation, and Exceptional Violation of a grievous nature.

  • Intestinal continuity is restored by the formation of a colonic or small intestine tube with an anastomosis between the conduit and remaining esophagus within the left chest.

  • That the preponderance of the evidence demonstrates that claimant has failed to prove that the permanent partial disability rating of 10% is supported by objective medical findings and that claimant is entitled to permanent partial disability benefits as a result of the permanent scars to her right thigh and right arm.

  • Accident/Occurrence/Advertising Injury 9-36.9 [1] Accident Policies 9-36.9 [2] Occurrence Policies 9-36.15 [a] Expected or Intended 9-36.15 [b] Single Occurrence vs.

  • The structure of the Banking Union is based on three pillars: Single Supervisory Mechanism, Single Resolution Mechanism and related financing mechanisms such as Common Deposit Guarantee Fund, the Single Occurrence Deposit Insurance Scheme and the Common Security Mechanism (the so-called credit line).


More Definitions of Single Occurrence

Single Occurrence means all causes or events covered by this endorsement that occur within 168 consecutive hours of the first cause or event. Each is considered as one (1) occurrence happening during the term of the Policy on or after the effective date of this endorsement. The expiration of the Policy will not reduce the 168 hour period.
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Single Occurrence means all causes or events which occur within 96 consecutive hours of the first cause or event causing loss or damage, shall be considered as one occurrence. Provided that the first cause or event occurs before policy expiration, policy termination will not interrupt the 96 hour period. All the statutory and additional conditions of the policy also apply to this endorsement DAY CARE COVERAGE — FORM 0113‌ If the Coverage Summary indicates that Liability is extended to Day Care, you are insured under Coverage E — Legal Liability and Coverage F — Voluntary Medical Payments for claims made or actions brought against you for bodily injury or property damage arising out of the use of your residence premises for day care. You are not insured for claims made or actions brought against you for bodily injury or property damage arising out of sexual molestation, corporal punishment, or physical or mental abuse inflicted upon any person by you or at your direction, by your employees or by any other person involved in any capacity in the day care enterprise. GUARANTEED REPLACEMENT COST (BUILDING) — FORM 0115‌ Subject to the conditions stated below, if the Coverage Summary page indicates that Guaranteed Replacement Cost — Building (Form GRC–1) is included, we agree to pay any loss under Coverage A — Dwelling Building on the basis of the following:
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Single Occurrence means all causes or events which occur within 96 consecutive hours of the first cause or event causing loss or damage, shall be considered as one occurrence. Provided that the first cause or event occurs before policy expiration, policy termination will not interrupt the 96 hour period. All the statutory and additional conditions of the policy also apply to this endorsement SPECIAL LIMITATIONS — FORM 0118‌ It is understood and agreed that all loss or damage arising from the coverage provided by the Water Damage Extension Endorsement is subject to a $1,000 deductible for each occurrence. It is further understood and agreed that all such loss or damage shall be adjusted on the basis of Actual Cash Value on Personal Property and carpets (whether or not permanently installed).
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Single Occurrence means all causes or events which occur within 168 consecutive hours of the first cause or event causing loss or damage, shall be considered as one occurrence. Provided that the first cause or event occurs before policy expiration, policy termination will not interrupt the 168 hour period. All the statutory and additional conditions of the policy also apply to this endorsement.
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Single Occurrence means all events for which coverage is provided by this endorsement that occur within any 72 consecutive hours commencing during the term of the policy on or after the effective date of this endorsement. The expiration of the policy will not reduce the 72-hour period.
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Related to Single Occurrence

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • Specified Event of Default means any Event of Default under Section 8.01(a), (f) or (g).

  • Material Event of Default means any Event of Default arising under Section 10.01(a), 10.01(b) (solely with respect to a default related to Section 8.01, 8.20 or 9.13), 10.01(f), 10.01(i), 10.01(j), 10.01(n) or 10.01(o).

  • Bankruptcy Event of Default means any Event of Default under Section 8.01(f) of the Credit Agreement.

  • Note Event of Default means any “Event of Default” specified in Section 5.1 of the Indenture.

  • Potential Event of Default means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.

  • Owner Event of Default has the meaning specified in Section 16.2.

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).

  • Material Default means a material breach of this Framework Agreement and/or, breach by the Supplier of any of the following Clauses: Clause 8 (Warranties and Representations), Clause 9 (Prevention of Bribery and Corruption), Clause 13 (Statutory Requirements and Standards), Clause 14 (Non-Discrimination), Clause 15 (Provision of Management Information), Clause 16 (Management Charge), Clause 17 (Records and Audit Access), Clause 22 (Data Protection), Clause 23 (Freedom of Information) and Clause 31 (Transfer & Sub-contracting);

  • Potential Default means an event which but for the lapse of time or the giving of notice, or both, would constitute an Event of Default.

  • Lender Default means (a) the refusal or failure (which has not been cured) of a Lender to make available its portion of any Borrowing or to fund its portion of any Unpaid Drawing under Section 3.4 that it is required to make hereunder, (b) a Lender having notified the Administrative Agent and/or the Borrower that it does not intend to comply with its funding obligations under this Agreement or has made a public statement to that effect with respect to its funding obligations under this Agreement, (c) a Lender has failed to confirm (within one Business Day after a request for such confirmation is received by such Lender) in a manner reasonably satisfactory to the Administrative Agent, the Borrower and, in the case of a Revolving Credit Lender, each Revolving Letter of Credit Issuer that it will comply with its funding obligations under this Agreement, (d) a Lender being deemed insolvent or becoming the subject of a bankruptcy or insolvency proceeding or has admitted in writing that it is insolvent; provided that a Lender Default shall not be deemed to have occurred solely by virtue of the ownership or acquisition of any Stock in the applicable Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide the applicable Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit the applicable Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with the applicable Lender, or (e) a Lender that has, or has a direct or indirect parent company that has, become the subject of a Bail-In Action.